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First Trust Municipal High Income ETF
FMHI

142 hedge funds and large institutions have $400M invested in First Trust Municipal High Income ETF in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 49 increasing their positions, 46 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

244% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 9

52% more capital invested

Capital invested by funds: $264M → $400M (+$137M)

17% more funds holding

Funds holding: 121 → 142 (+21)

10.55% more ownership

Funds ownership: 65.43% → 75.98% (+11%)

7% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 46

Holders
142
Holders Change
+21
Holders Change %
+17.36%
% of All Funds
2.07%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
31
Increased
49
Reduced
46
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$46M
2
Morgan Stanley
Morgan Stanley
New York
+$27.6M
3
Wells Fargo
Wells Fargo
California
+$11M
4
PWP
Principle Wealth Partners
Connecticut
+$7.74M
5
CA
Crumly & Associates
Illinois
+$6.86M

Top Sellers

Rank Fund Capital Flow
1
RA
RFG Advisory
Alabama
-$8.81M
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$5.91M
3
UBS Group
UBS Group
Switzerland
-$4.53M
4
RT
Rockland Trust
Massachusetts
-$3.51M
5
Bank of America
Bank of America
North Carolina
-$2.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
AJ Advisors
Tennessee
$3.03M +$2.91M +63,569 New
CWM
27
Cornerstone Wealth Management
Missouri
$2.95M -$17.1K -374 -0.6%
MW
28
MBL Wealth
North Carolina
$2.82M +$400K +8,745 +17%
PTP
29
Platform Technology Partners
New York
$2.8M +$27.1K +593 +1%
VWA
30
Visionary Wealth Advisors
Illinois
$2.6M +$398K +8,706 +19%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$2.57M +$464K +10,146 +23%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$2.31M +$591K +12,928 +37%
SPIA
33
Steward Partners Investment Advisory
New York
$2.19M -$274 -6 -0%
IA
34
IFP Advisors
Florida
$2.18M +$916K +20,025 +78%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$1.97M +$386K +8,440 +26%
ARG
36
Advisory Resource Group
Oklahoma
$1.96M -$3.2K -70 -0.2%
MA
37
Mutual Advisors
Nebraska
$1.9M -$17.4K -381 -0.9%
BHWA
38
Beacon Harbor Wealth Advisors
Virginia
$1.85M +$1.78M +38,862 New
NW
39
NewEdge Wealth
Pennsylvania
$1.5M +$1.44M +31,531 New
FTUS
40
Flow Traders U.S.
New York
$1.49M +$832K +18,189 +140%
Citadel Advisors
41
Citadel Advisors
Florida
$1.47M +$31.6K +692 +2%
SI
42
Stephens Inc
Arkansas
$1.44M – – –
CTB
43
Country Trust Bank
Illinois
$1.39M +$908K +19,863 +214%
GA
44
GSG Advisors
New Jersey
$1.35M +$513K +11,208 +65%
FA
45
Flagstar Advisors
New York
$1.33M +$54.5K +1,192 +4%
EH
46
Equitable Holdings
New York
$1.31M +$228K +4,979 +22%
JP Morgan Chase
47
JP Morgan Chase
New York
$1.26M -$458K -10,018 -28%
KAS
48
Kestra Advisory Services
Texas
$1.15M -$9.65K -211 -0.9%
Janney Montgomery Scott
49
Janney Montgomery Scott
Pennsylvania
$1.14M -$220K -4,800 -17%
SWP
50
ShoreHaven Wealth Partners
New Jersey
$1.12M +$48.2K +1,054 +5%
1
2
3 4 5

FMHI Hedge Fund Activity: Q4 2023 in Review

142 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2023, worth a combined $400M — up 52% from $264M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new FMHI positions and 9 closed out — a net gain of 22 holders — while 49 added to existing stakes and 46 trimmed.

The largest buyer was Wealth Enhancement Advisory Services, adding an estimated $46M. The largest seller was RFG Advisory, cutting an estimated $8.81M.

  • 142 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2023, up from 121 in Q3 2023.
  • Funds reported $400M of First Trust Municipal High Income ETF stock for Q4 2023, up 52% quarter-over-quarter.
  • 31 funds opened new First Trust Municipal High Income ETF positions in Q4 2023 and 9 closed out, a net change of +22 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q4 2023 was Wealth Enhancement Advisory Services, an estimated $46M added.
  • The largest First Trust Municipal High Income ETF seller in Q4 2023 was RFG Advisory, an estimated $8.81M sold.

Based on aggregated 13F filings for Q4 2023.